A word from our leadership
“In FY 2024-25, Manomay Tex India Limited delivered a strong financial performance and continued to build on our operational strategy.
Manomay Tex India Limited has consistently followed a prudent policy of harmonious relations with all stakeholders including employees.
I am immensely grateful for what we have achieved together. Your unwavering support and trust have fuelled our transformation and allowed us to emerge stronger than ever with the wherewithal to overcome every obstacle that has come our way.
we showed our unbreakable spirit and proved that challenges could not weaken us; instead they became a testament to our ability to emerge stronger than ever.
We benefit from cost-effective labour, power and raw materials, allowing us to offer competitive pricing without compromising quality.
The Textile Upgradation Fund (TUF)(RTUF) grants access to advanced technology. This translates to higher efficiency, improved product quality and the ability to meet growing market demands.
India’s textile sector employs a massive Approx 45 million people across the value chain, contributing significantly to the national economy.
The Indian government supports the textile sector through favourable policies, incentives and growth-oriented schemes. These measures encourage investments (both domestic and foreign), address industry challenges and enhance global competitiveness.
India is the world’s largest cotton producer, renowned for its high-quality, longer staple cotton.
The surplus of Indian cotton positions us well for global exports, contributing to the overall growth of the textile industry.
India’s young population, providing a rich pool of skilled and talented workers.
While labour costs are on the rise, India’s workforce remains a key strength with a high level of education and technical expertise.
The growing focus on skill development and vocational training programs promises an even more competitive workforce in the years to come.
The government’s emphasis on ‘Make in India’ promotes local manufacturing, reducing dependence on imports. Our robust domestic presence with state-of-the-art facilities helps us capitalise on this policy and offer competitive pricing in both Indian and international markets.
We benefit from government schemes like the Merchandise Exports from India Scheme (MEIS) and RoDTEP Scheme to drive higher exports. Additionally, the Scheme for the Establishment of Mega Textile Parks provides us with financial assistance for setting up large-scale manufacturing facilities.
Our backward integration with yarn production allows us to maintain high-quality standards, control product origin, and hedge against raw material price fluctuations. This translates to consistent product delivery and improved profitability.
Manomay’s business are bound together by their focus on innovation to drive growth. Innovation is the key. We are constantly striving to add industry defining value-added products to our portfolio that help us better serve our customers.
Customers form the cornerstone of Manomay’s existence, and this notion is incorporated into our vision, mission, and values. Through our ongoing efforts and customized products, we have maintained our position as a "partner of choice" for our customers.
Our people and their collective skills and abilities give us unparalleled competitive advantage. At Manomay Tex India Limited, our policies and processes are oriented towards inclusivity, equity, meritocracy and satisfaction. Similarly, the health and safety of our people continue to assume the highest priority and we continue to put in world-class safety standards in our operations. ‘Prioritising safety and health of all employees’ and ‘Promote gender parity, diversity and inclusivity’ form key aims of this pillar.
We are also mindful of the way our organisation is governed. With strict policies and frameworks in place, we ensure that good governance is practised across the organisation and we are continuously striving to raise the bar. ‘Adhere to global business standards of corporate governance’ is thus the final aim under this pillar.
The Company seeks enduring relationships with an extensive network of agents and dealers in India and across the world. The Company is one of India’s largest exporters of Denim fabric, enjoying a presence across 16+ nations. The Company has developed a strong reputation among textile Denim fabric manufacturers in key markets such as Latin America.
We remain optimistic about growth of Indian Textile Industry in the long term. The Indian Textiles industry’s inherent competitive advantages continue to position it favorably for the long-term growth.
I thank our colleagues for their hard work and dedication. I also extend my gratitude to our customers and stakeholders for their unwavering trust in us. We look forward to your continued support as we scale new heights.